Stock Movers: Oklo Rises on Meta Deal, Mortgage Stocks Rally on Trump Directive

Oklo and Vistra Surge on Meta's Nuclear Power Deals

• 💡 Oklo (OKLO) and Vistra (VST) shares saw significant gains following Meta Platforms' agreement to purchase electricity from existing Vistra plants and support Oaklo and TerraPower's future small reactor projects.
• ⚡ These deals aim to power Meta's data centers and could total over six gigawatts, enough to power approximately 5 million homes.
• 💰 Experts suggest these large-scale energy contracts could represent billions of dollars in total revenue for electricity generators.
• 🤖 Meta highlighted that the agreements address concerns about existing nuclear plant closures and underscore the need for early investment in new nuclear power for low-carbon energy.

Mortgage Stocks Rally on Trump's Directive

• 📈 LoanDepot (LDI), Rocket Cos (RKT), and Opendoor Technologies (OPEN) experienced jumps after President Trump directed Fannie Mae and Freddie Mac to purchase $200 billion in mortgage bonds.
• 🏠 The stated goal of this directive is to lower mortgage rates and monthly payments, making homeownership more affordable.
• 🏦 Trump's decision not to sell Fannie and Freddie during his first term is cited as the reason they can amass this significant amount of cash in mortgage-backed securities.

Glencore and Rio Tinto Merger Talks

• 🤝 Glencore (GLEN LN) shares rose as Rio Tinto (RIO LN) is reportedly in talks to acquire the company, potentially creating the world's largest mining company with a combined market value exceeding $200 billion.
• ⛏️ This potential merger, which previously fell through, could expand Rio Tinto's copper production, a commodity currently trading at record highs.
• 🌍 The combination would create a mining giant capable of rivaling entities like BHP.